With 9.2% increase in TDGVA for 2021
WITH a 9.2 percent increase in Tourism Direct Gross Value Added (TDGVA) for 2021, the Department of Tourism (DOT) is optimistic the industry will continue with its recovery as the government relaxes the travel requirements amid Covid-19.
The Philippine Statistics Authority (PSA) estimates the contribution of TDGVA to the country’s Gross Domestic Product (GDP) to be at 5.2 percent in 2021 from 5.1percent in 2020.
PSA said the TDGVA for the year also amounted to P1,001.30 billion a 9.2 percent increase compared with P917. 20 billion in 2020.
The PSA also noted a 4.6 percent increase in employment in tourism-related industries with 4.9 million in 2021 compared to the 4.68 million recorded in 2020.
Additionally, internal tourism expenditure which covers inbound and domestic tourism expenditure, increased by 16.3 percent, it said.
Thus, the DOT sees this as an encouraging development and a positive indicator of the government’s initiatives to stimulate the industry in its continual recovery.
The Department is hopeful that with the country’s more lenient restrictions for local travel and the recent removal of the test-before-travel requirement for boosted foreign tourists, the growth in tourism industry figures will be sustained this year.
The DOT is optimistic to see an increase in the employment in tourism related-industries, as the resumption of livelihood of tourism workers remains one of the agency’s priorities.
Based on the DOT’s data, tourist arrivals to the country continues to see an upward trend, tallying 682,949 tourist arrivals as of 15 June 2022.